The 270-300wm is simply the 300wm necked down, not the 7RM necked down. It has about 10% more powder capacity than a WSM and probably close to that compared to the 7RM because of the increased OAL we run(3.6" or so). So, it should be capable of 5% speed gains over a 7RM which means like 3200fps with a 165g bullet that has a bc of .650 or 170g with a bc of .662 at 3150 or so.It also gets into the next slower powder class... which helps.
Look at the ballistics, it has advantages. A 7RM(I have one,as well as a 7WSM and 2-270WSM's) runs a 168 Berger VLD at 3000fps for a bullet drop of 255" at 1000 with 1668fps and 1032 Ft/lbs, The 270-300WM runs the 170Berger 3150 for 219" drop with 1859fps and 1305ft/lbs at 1000 yards. So, 36" of drop and a couple hundred ft/lbs. of energy and speed at a 1000 is nothing to sneeze at, also 5" or so less wind drift.
In my case I had a 300wm that needed a barrel, quite a bit of 300wm brass, a LOT of 270 bullets, and a LOT of powder that will work well for it. So, it was a pretty easy choice for me. I also did not want to shoot bullets much over 170g because I do not want to put a brake on it(I have a 300RUM with a brake (230's at 3000fps!)). The little I have shot it so far has not produced much recoil.
And I needed a new toy.gun)